Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Sainsbury's Bank panel terms, the written instructions that Sainsbury's Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Sainsbury's Bank may subsequently adopt.
- Sainsbury's Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Persistent delays in post completion requirements set by Sainsbury's Bank
- Recurring delays in registering security on behalf of Sainsbury's Bank Delays or failure to register the Sainsbury's Bank charge may result in referral to external lawyers of Sainsbury's Bank to complete outstanding requirements.
- Breaches of Sainsbury's Bank conveyancing panel Terms and Conditions
How can we assist? Sainsbury's Bank panel reinstatement questions
- What happens if our Sainsbury's Bank panel reinstatement application is rejected and our client has a mortgage application with the Sainsbury's Bank?
- Does my practice need to apply annually to be reinstated on the Sainsbury's Bank conveyancing panel?
- Can this firm act for Sainsbury's Bank while the appeal for reinstatement on the Sainsbury's Bank panel is being processed? How do I know if our reinstatement appeal to the Sainsbury's Bank panel is accepted?
- Can we appeal if this practice’s application for reinstatement is rejected?
- How long does the application process take when applying to revert back onto the Sainsbury's Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.